Manchester City Fan Token

Halal Rating :
Comfortable
Last Price $1.98 Last updated:
Rank 970
1D Change -3.20 %
Market Cap $15.44m
Circulating supply 7,808,029
Maximum supply 19,740,000

Crypto Overview

Categories
  • Sports
  • Fan Token
  • Binance Launchpool
  • Soccer

Project Overview

Manchester City Fan Token (CITY) is a utility token created through a partnership between Manchester City Football Club and Socios.com. The token operates on the Chiliz blockchain and was launched to enhance fan engagement and provide exclusive benefits to token holders.

Intended Utility

The primary purpose of CITY tokens is to give fans voting rights on certain club decisions, access to exclusive rewards, merchandise, and unique experiences. Token holders can participate in polls, earn loyalty points, and engage with the club through the Socios.com platform.

Actual Utility Assessment

The token demonstrates genuine utility through regular fan votes, club engagement activities, and VIP experiences. Manchester City actively uses the platform to conduct polls and offer exclusive benefits to token holders. The project maintains consistent activity levels with regular updates and new voting opportunities.

Token Distribution and Governance

The token distribution appears relatively transparent, with clear allocation between the club and the public. There are no concerning patterns in token concentration or suspicious trading activities. The project maintains active development and regular updates to its utility offerings.

Revenue Model

The revenue model is based on legitimate business activities including token sales, merchandise, and exclusive experiences. The project does not involve interest-bearing mechanisms or gambling elements. Income is generated through the provision of real services and utilities to token holders.

Crypto Impact

To assign a comfort level investing in Manchester City Fan Token from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Manchester City Fan Token.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating